The US dollar remains at a disadvantage after falling during a quiet session, with the markets waiting for a new address of the next regional surveys of the Fed and the programmed interventions of the Fed, although politics signs are not expected before the period of silence, BBH FX analysts report.
The USD will find short -term support this week
“The USD is struggling to recover after having descended during yesterday’s quiet data session. The S&P500 reached a new maximum yesterday. Treasury yields are consolidating along the curve about half a range of ten weeks.”
“The second -category economic data of the US will be published today: non -manufacturing surveys of the Fed of Philadelphia and Richmond’s Fed of Julio. In addition, the president of the Fed, Jay Powell, and the Vice President of Supervision of the Fed, Michelle Bowman, are scheduled to speak. The period of silence of the silence of the Fed of July 30, discard any significant comment on politics. “
“We hope that the USD will find short -term support this week, but the downward trend of the USD from the beginning of the year remains intact. See the details here.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
